Cadillac Fairview Acquires Largest Commercial Development Site in Canada -- East Harbour
Land anywhere in Toronto is pretty hard to come by these days, any kind of land.
But Cadillac Fairview the original builders of the Toronto Eaton Centre and TD Centre some of the most iconic buildings and properties in Toronto’s history are going to change Toronto once again with this once-in-a-lifetime deal by acquiring the 38 acre site east of downtown Toronto.
It will be a purely commercial development which will include office, hotel, retail, institutional, entertainment and cultural space.
A project of this magnitude will not only change the face of downtown Toronto but the whole city of Toronto as it will also be home to a transit hub (something similar to Union Station but smaller). Think of it like a commercial community or little city of its own. Now even though this project is still many years away, it’s never too late to start thinking long term investments such as homes, townhomes and condos to service the area where people will work, play and hang out.
This story was first reported on renx.ca